Physical Oil Flips From Bidding War To Fire Sale As Gulf Barrels Flood Back

JPMorgan Sued Over Alleged Role In $328M Crypto Ponzi Scheme Authored by Helen Partz via CoinTelegraph.com, JPMorgan is facing a lawsuit for allegedly enabling a $328 million crypto Ponzi scheme run by now-defunct Goliath Ventures. Investors on Tuesday filed a proposed class action in the US District Court for the Northern District of California, accusing JPMorgan of ignoring suspicious transactions and allowing Goliath to use its infrastructure to collect investor funds. A separate federal criminal complaint against Goliath CEO Christopher Delgado, however, says investor funds also flowed through a Bank of America account and directly into Coinbase...

Trump Says All Mines Cleared From Strait Of Hormuz, Warns Military Options Still On Table President Trump took to Truth Social on Tuesday to declare that all mines have been removed from the Strait of Hormuz - it what seems yet another attempt to declare all is well at a moment Washington has shifted from prior military operations to an economic 'strangulation' and siege policy targeting the Islamic Republic. “I have just been informed by the United States Navy that all mines have been removed and/or detonated from within the International...

Global Energy Demand Set To Jump 60% By 2060 As Developing Nations Power Up By Haley Zarmba of OilPrice.com Emerging economies are going to see an explosion of energy demand over the coming decades. Countries like Brazil, India, Nigeria, and Indonesia are racing to expand their energy production and imports in order to keep up with rapid economic development. While the leaders of these and other emerging economies are making a concerted effort to expand their renewable energy capacity, meeting demand will require an all-of-the-above approach to energy that will extend...